About Incredible Industries Limited
Data last updated:
Incredible Industries Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 23 August 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L27100WB1979PLC032200. The company has 2 GST registrations on record, none of which is active. It is a listed company as per MCA records. Its shares are listed on BSE: 538365 and NSE: INCREDIBLE.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹46.76 Cr. It was formerly known as Iconic Industries Limited and Orcaid Trading & Investment Company Limited. It is led by directors including Rama Shankar Gupta (Managing Director) and Sonam Agarwal.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 14 N S Road 2nd Floor, Kolkata, West Bengal, India – 700001.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹840.3 Cr, a growth of 11.1% compared to the previous year. For the same year it recorded a net profit of ₹10.94 Cr (net margin 1.3%) and EBITDA of ₹22.8 Cr (EBITDA margin 2.7%). The net worth stands at ₹157.11 Cr (up 8.2% YoY). Total assets are valued at ₹196.2 Cr (up 15.9% YoY).
The company is associated with 1 brand: Adhunik Industries. As per MCA filings, the company has open charges of ₹290.46 Cr and satisfied charges of ₹606.57 Cr on record. Court records list 17 cases involving the company, including 13 filed by the company and 4 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adhunikindustries.com.
Company details
Name history
Incredible Industries has undergone 8 name changes throughout its history. The current legal name is Incredible Industries Limited.
| Company Name | Status |
|---|---|
| Incredible Industries Limited | Current |
| Iconic Industries Limited | Previous |
| Orcaid Trading & Investment Company Limited | Previous |
| Dhansari Plantation & Marketing Li Mited | Previous |
| Orcuid Trading & Investment Company Limited | Previous |
| Orhid Trading & Investment Company Limited | Previous |
| Bhagwati Resources Limited | Previous |
| Adhunik Industries Limited | Previous |
CIN history
Incredible Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L27100WB1979PLC032200, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27100WB1979PLC032200 | Current |
| L65921WB1979PLC032200 | Previous |
| U65921WB1979PLC032200 | Previous |
Contact details
Incredible Industries Limited's registered office is in Kolkata, West Bengal. Its website is adhunikindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address14 N S Road 2nd Floor, Kolkata, West Bengal, India – 700001
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Incredible Industries Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Incredible Industries operates one associated brand: Adhunik Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| TMT bars are manufactured and supplied by Adhunik Industries. | adhunikindustries.com |
Business activity
The main business activity of Incredible Industries is manufacturing. In detail, this covers manufacture of basic metals.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 24 | Manufacture of basic metals |
To see the full business activity and turnover split of Incredible Industries Limited, buy the company report.
Financials of Incredible Industries Limited
FY 2025-26 filings availableIncredible Industries Limited reported revenue of ₹840.3 Cr (up 11.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 840 | 756 | 818 | 741 | 536 | 494 | 502 |
| Revenue growth | +11.1% | -7.6% | +10.5% | +38.3% | +8.5% | -1.6% | - |
| EBITDA | 22.80 | 21.38 | 19.45 | 17.77 | 16.70 | 15.15 | 11.86 |
| EBITDA margin | +2.7% | +2.8% | +2.4% | +2.4% | +3.1% | +3.1% | +2.4% |
| Profit before tax | 16.62 | 13.24 | 9.99 | 7.13 | 5.90 | 5.49 | 1.32 |
| Net profit | 10.94 | 12.43 | 5.99 | 4.90 | 3.54 | 3.62 | 1.01 |
| Net profit margin | +1.3% | +1.6% | +0.7% | +0.7% | +0.7% | +0.7% | +0.2% |
| EPS (₹) | 2.46 | 2.67 | 1.28 | 1.05 | 0.76 | 0.78 | 0.22 |
| Balance sheet | |||||||
| Total assets | 196 | 169 | 177 | 177 | 170 | 160 | 138 |
| Net worth | 157 | 145 | 133 | 127 | 122 | 118 | 114 |
| Total debt | 34.29 | 23.11 | 43.21 | 49.14 | 47.60 | 41.00 | 22.95 |
| Cash & bank | 16.28 | 20.28 | 10.80 | 3.11 | 2.26 | 1.19 | 1.36 |
| Net working capital | 123 | 123 | 138 | 139 | 130 | 125 | 98.90 |
| Cash flow | |||||||
| Cash from operations | 9.62 | 37.35 | 23.83 | 10.41 | 19.61 | (12.62) | 24.71 |
| Cash from investing | (36.26) | (4.45) | (4.14) | (2.58) | (10.87) | (0.94) | (6.05) |
| Cash from financing | 8.54 | (22.32) | (12.76) | (7.15) | (8.91) | 13.58 | (21.28) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 213 | 219 | 189 | 212 | 220 | 230 | 162 | 181 |
| Revenue growth (YoY) | -3.1% | -4.7% | +16.8% | +17.1% | +20.2% | - | - | - |
| Other income | 0.31 | 0.36 | 0.71 | 0.30 | 0.07 | 0.07 | 0.48 | 0.10 |
| Total expenses | 206 | 211 | 185 | 208 | 213 | 221 | 158 | 178 |
| EBITDA | 6.72 | 8.18 | 4.18 | 3.83 | 6.53 | 9.43 | 3.73 | 3.08 |
| EBITDA margin | +3.2% | +3.7% | +2.2% | +1.8% | +3.0% | +4.1% | +2.3% | +1.7% |
| Depreciation | 0.96 | 1.34 | 1.19 | 1.24 | 1.24 | 1.33 | 1.34 | 1.34 |
| Interest | 0.77 | 0.88 | 0.55 | 0.70 | 0.41 | 0.81 | 0.74 | 0.82 |
| Profit before tax | 5.30 | 6.32 | 3.15 | 2.19 | 4.95 | 7.36 | 2.13 | 1.02 |
| Tax | 1.33 | 1.80 | 1.36 | 0.70 | 1.23 | 1.53 | (0.90) | (0.98) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 213 | 219 | 189 | 212 | 220 | 230 | 162 | 181 |
| Revenue growth (YoY) | -3.1% | -4.7% | +16.8% | +17.1% | +20.2% | - | - | - |
| Other income | 0.31 | 0.36 | 0.71 | 0.30 | 0.07 | 0.07 | 0.48 | 0.10 |
| Total expenses | 206 | 211 | 185 | 208 | 213 | 221 | 158 | 178 |
| EBITDA | 6.72 | 8.18 | 4.18 | 3.83 | 6.53 | 9.43 | 3.73 | 3.08 |
| EBITDA margin | +3.2% | +3.7% | +2.2% | +1.8% | +3.0% | +4.1% | +2.3% | +1.7% |
| Depreciation | 0.96 | 1.34 | 1.19 | 1.24 | 1.24 | 1.33 | 1.34 | 1.34 |
| Interest | 0.77 | 0.88 | 0.55 | 0.70 | 0.41 | 0.81 | 0.74 | 0.82 |
| Profit before tax | 5.30 | 6.32 | 3.15 | 2.19 | 4.95 | 7.36 | 2.13 | 1.02 |
| Tax | 1.33 | 1.80 | 1.36 | 0.70 | 1.23 | 1.53 | (0.90) | (0.98) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 840 | 756 | 818 | 741 | 536 | 494 | 502 |
| Revenue growth | +11.1% | -7.6% | +10.5% | +38.3% | +8.5% | -1.6% | - |
| Other income | 1.45 | 0.77 | 2.19 | 0.41 | 0.48 | 0.38 | 0.14 |
| Total expenses | 818 | 735 | 799 | 723 | 519 | 479 | 490 |
| Employee cost | 9.33 | 8.18 | 7.33 | 6.87 | 6.36 | 6.06 | 5.80 |
| EBITDA | 22.80 | 21.38 | 19.45 | 17.77 | 16.70 | 15.15 | 11.86 |
| EBITDA margin | +2.7% | +2.8% | +2.4% | +2.4% | +3.1% | +3.1% | +2.4% |
| Depreciation | 5.02 | 5.36 | 5.66 | 5.64 | 5.61 | 5.72 | 5.69 |
| Interest | 2.61 | 3.55 | 5.99 | 5.41 | 5.67 | 4.32 | 4.99 |
| Profit before tax | 16.62 | 13.24 | 9.99 | 7.13 | 5.90 | 5.49 | 1.32 |
| Tax | 5.09 | 0.75 | 4.00 | 2.23 | 2.36 | 1.87 | 0.31 |
| Net profit | 10.94 | 12.43 | 5.99 | 4.90 | 3.54 | 3.62 | 1.01 |
| Net profit margin | +1.3% | +1.6% | +0.7% | +0.7% | +0.7% | +0.7% | +0.2% |
| EPS (₹) | 2.46 | 2.67 | 1.28 | 1.05 | 0.76 | 0.78 | 0.22 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 46.76 | 46.76 | 46.76 | 46.76 | 46.76 | 46.76 | 46.76 |
| Reserves & surplus | 110 | 98.49 | 85.84 | 79.87 | 74.96 | 71.36 | 67.71 |
| Shareholders' funds (net worth) | 157 | 145 | 133 | 127 | 122 | 118 | 114 |
| Secured loans | 32.98 | 19.50 | 35.94 | 40.39 | 39.76 | 40.61 | 20.35 |
| Unsecured loans | 1.31 | 3.61 | 7.27 | 8.75 | 7.84 | 0.39 | 2.60 |
| Total debt | 34.29 | 23.11 | 43.21 | 49.14 | 47.60 | 41.00 | 22.95 |
| Total liabilities | 196 | 169 | 177 | 177 | 170 | 160 | 138 |
| Assets | |||||||
| Gross block | 85.14 | 95.73 | 99.27 | 101 | 98.52 | 92.66 | 93.21 |
| Net block | 26.24 | 32.31 | 37.74 | 43.20 | 46.50 | 42.40 | 46.66 |
| Capital work in progress | 35.34 | 11.37 | 5.29 | 0.16 | 0.00 | 0.00 | 0.28 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 50.80 | 54.65 | 52.40 | 51.35 | 49.34 | 33.24 | 55.84 |
| Sundry debtors | 32.01 | 42.35 | 44.01 | 27.26 | 36.26 | 53.46 | 37.49 |
| Cash & bank balances | 16.28 | 20.28 | 10.80 | 3.11 | 2.26 | 1.19 | 1.36 |
| Loans & advances | 44.89 | 26.38 | 58.27 | 83.56 | 66.43 | 62.05 | 23.84 |
| Total current assets | 144 | 144 | 165 | 165 | 154 | 150 | 119 |
| Total current liabilities | 21.46 | 20.82 | 27.19 | 26.02 | 23.91 | 25.16 | 19.63 |
| Net working capital | 123 | 123 | 138 | 139 | 130 | 125 | 98.90 |
| Total assets | 196 | 169 | 177 | 177 | 170 | 160 | 138 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 18.18 | 7.60 | 0.67 | 0.00 | 0.16 | 0.14 | 2.77 |
| Net cash from operating activities | 9.62 | 37.35 | 23.83 | 10.41 | 19.61 | (12.62) | 24.71 |
| Net cash from investing activities | (36.26) | (4.45) | (4.14) | (2.58) | (10.87) | (0.94) | (6.05) |
| Net cash from financing activities | 8.54 | (22.32) | (12.76) | (7.15) | (8.91) | 13.58 | (21.28) |
| Net change in cash | (18.09) | 10.58 | 6.92 | 0.67 | (0.16) | 0.02 | (2.63) |
| Closing cash | 16.28 | 20.28 | 10.80 | 3.11 | 2.26 | 1.19 | 1.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.1% | -7.6% | +10.5% | +38.3% | +8.5% | -1.6% | - |
| EBITDA growth | +6.6% | +9.9% | +9.5% | +6.4% | +10.2% | +27.7% | - |
| PBT growth | +25.5% | +32.5% | +40.1% | +20.9% | +7.5% | +315.9% | -75.2% |
| Net income growth | -12.0% | +107.5% | +22.2% | +38.4% | -2.2% | +258.4% | - |
| Revenue CAGR (3Y) | +4.3% | +12.2% | +18.3% | +13.9% | -7.2% | +0.9% | +10.3% |
| EBITDA CAGR (3Y) | +8.7% | +8.6% | +8.7% | +14.4% | -1.2% | -15.6% | -20.2% |
| Profitability & leverage | |||||||
| Net income margin | +1.4% | +1.7% | +0.7% | +0.7% | +0.7% | +0.7% | +0.2% |
| Return on capital employed | +10.5% | +9.7% | +9.0% | +7.2% | +7.0% | +6.6% | +4.1% |
| Return on net worth | +7.6% | +9.0% | +4.6% | +4.0% | +3.0% | +3.1% | +0.9% |
| Debt / equity | 0.19 | 0.24 | 0.36 | 0.39 | 0.37 | 0.27 | 0.25 |
| Long-term debt / equity | 0.05 | 0.02 | 0.08 | 0.15 | 0.17 | 0.08 | 0.00 |
| Interest cover | 14.68 | 22.16 | 43.44 | 44.60 | 51.13 | 45.81 | 80.88 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 9.29 | 7.76 | 8.18 | 7.43 | 5.60 | 5.31 | 5.55 |
| Inventory turnover | 15.94 | 14.13 | 15.77 | 14.71 | 12.97 | 11.09 | 8.98 |
| Debtors turnover | 22.60 | 17.51 | 22.96 | 23.32 | 11.94 | 10.86 | 8.76 |
| EPS (₹) | 2.46 | 2.67 | 1.28 | 1.05 | 0.76 | 0.78 | 0.22 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 33.60 | 31.06 | 28.36 | 27.08 | 26.03 | 25.26 | 24.48 |
To see the full year-wise statements and ratios of Incredible Industries Limited, buy the company report.
Board of directors of Incredible Industries Limited
Incredible Industries has 6 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sonam Agarwal Also directs: Adhunik Corporation Limited | Director | 12 Feb 2018 | 8 Years 8 Months | Current |
| Shilpi Modi Also directs: Lords Chemicals Ltd, Adhunik Corporation Limited | Director | 06 Dec 2018 | 7 Years 11 Months | Current |
| Sanjay Kaloya Also directs: Adhunik Corporation Limited | Director | 24 Mar 2021 | 5 Years 7 Months | Current |
| Rama Shankar Gupta Also directs: Adhunik Corporation Limited | Managing Director | 15 Jul 2019 | 7 Years 3 Months | Current |
| Raj Prakash Verma | Director | 14 Nov 2025 | 0 Years 11 Months | Current |
| Deepak Kumar Agarwalla | Director | 02 Sep 2024 | 2 Years 2 Months | Current |
Auditor
Incredible Industries Limited is audited by R Gopal & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R Gopal & Associates | FY 2025 | 000846C |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 75.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 25.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% |
| Public | 25.00% | 25.00% | 25.00% | 25.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Apr 2026 | 101283920 | Others | ₹105 Cr | Open | |
| 13 Jan 2026 | 101247012 | Others | ₹51 Cr | Open | |
| 05 Dec 2024 | 101011085 | Others | ₹40.23 Cr | Open | |
| 14 Aug 2023 | 100765607 | Others | ₹10.68 Cr | Open | |
| 30 Mar 2023 | 100705302 | Bank of India | ₹70 Cr | Open |
To see the full charge records of Incredible Industries Limited, buy the company report.
Total charge records: 21 View all charges
Legal cases
Incredible Industries Limited has 17 court cases on record: 13 filed by Incredible Industries, 4 filed against it. 6 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 4 | 5 |
| High courts | 5 | 0 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Commercial suit | Filed by the company against M/S Gratolite India Pvt Ltd | Pending |
| District court, Central, Delhi | Criminal case | Filed by the company against Gratolite India Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Parshuram Forge Pvt Ltd and 1 other | Pending |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by BST Infratech Ltd | Disposed |
| High Court | Civil suit | Filed by the company against Astha Infrastructure Ltd. | Disposed |
To see the full case history of Incredible Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Incredible Industries Limited was last rated by Acuite on 07 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Acuite | 07 Jul 2026 |
To see the full credit ratings and regulatory alerts of Incredible Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Incredible Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Incredible Industries has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Incredible Industries Limited, buy the company report.
Recent activity
Incredible Industries Limited has 38 board changes on record since 2003: 22 appointments and 16 cessations. The latest: Raj Prakash Verma was appointed as Director on 14 Nov 2025.
76 earlier events are in the company report.
News
Frequently asked questions
Incredible Industries is an active public limited company based in Kolkata, West Bengal, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 23 August 1979 (47+ years old) and is registered under CIN L27100WB1979PLC032200. Listed on BSE: 538365 and NSE: INCREDIBLE.
Incredible Industries reported revenue of ₹840.3 Cr for FY 2025-26 (up 11.1% YoY) based on standalone financials.
Incredible Industries has 6 current directors:
- Rama Shankar Gupta - Managing Director
- Sonam Agarwal - Director
- Shilpi Modi - Director
- Sanjay Kaloya - Director
- Raj Prakash Verma - Director
- Deepak Kumar Agarwalla - Director
The latest financial statements of Incredible Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
No. Incredible Industries has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Incredible Industries is L27100WB1979PLC032200. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Incredible Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 538365) and NSE (symbol: INCREDIBLE).
Incredible Industries has 17 court cases on record: 13 filed by the company and 4 filed against it. 6 are pending. Most are in the district courts.
Incredible Industries was incorporated on 23 August 1979, making it 47+ years old. It is registered with the Registrar of Companies, Kolkata.
Raj Prakash Verma was appointed as Director on 14 Nov 2025. Niket Agarwal ceased to be Director on 12 Nov 2025. Asit Baran Dasgupta ceased to be Director on 15 Sep 2024. Incredible Industries has 38 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
